Other Business Services in Mexico: ISIC 7499

Mexico’s growing middle class, strong domestic consumption, a double-digit increase in foreign investment and expanding digital connectivity result in an 8% increase in the other business services industry in 2015. Revenue from secretarial and translation services records 8% growth, driven by the country’s international trade and a rise in foreign investment inflow. Revenue from fashion, graphic design and other business activities records an 8% increase in 2015, as the graphic design business is supported by a surge in mobile advertising expenditure and an increase in the number of smartphone users in Mexico . The fashion design business is fuelled by Mexico’s growing middle class, booming m-commerce sales and the expansion of shopping centres and luxury department stores in urban areas. The number of companies in the other business services industry grows by 4% in 2015, driven by ongoing liberalisation reforms promoting private investment, fuelling demand for business outsourcing services in Mexico. Over the period 2015-2020, revenue of the other business services industry is set to record a 3% CAGR, driven by continuing foreign investment growth and a strong local manufacturing industry.

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